iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Reaches New 12-Month Low – Here’s What Happened

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $105.24 and last traded at $105.24, with a volume of 7222 shares changing hands. The stock had previously closed at $105.39.

iShares Intermediate Government/Credit Bond ETF Price Performance

The firm has a 50-day moving average of $105.77 and a two-hundred day moving average of $106.60.

Hedge Funds Weigh In On iShares Intermediate Government/Credit Bond ETF

A number of hedge funds have recently modified their holdings of GVI. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares Intermediate Government/Credit Bond ETF during the first quarter valued at about $12,210,000. Isthmus Partners LLC purchased a new position in shares of iShares Intermediate Government/Credit Bond ETF during the 1st quarter worth approximately $6,144,000. Bessemer Group Inc. boosted its position in shares of iShares Intermediate Government/Credit Bond ETF by 32.8% during the 1st quarter. Bessemer Group Inc. now owns 218,536 shares of the company’s stock worth $23,313,000 after purchasing an additional 53,936 shares during the period. Union Savings Bank acquired a new stake in iShares Intermediate Government/Credit Bond ETF in the 4th quarter valued at approximately $4,092,000. Finally, Bank of New York Mellon Corp increased its holdings in iShares Intermediate Government/Credit Bond ETF by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 656,951 shares of the company’s stock valued at $70,084,000 after purchasing an additional 35,096 shares during the last quarter.

iShares Intermediate Government/Credit Bond ETF Company Profile

The iShares Intermediate Government\u002FCredit Bond ETF (GVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury, agency and investment-grade corporate bonds with remaining maturities of 1-10 years. GVI was launched on Jan 5, 2007 and is managed by BlackRock.